HomeMy WebLinkAbout18-202 - ADMIN Resolution - City Council - 2018/12/17Resolution No. 18-202
Resolution authorizing the 2019 final HRA levy
Whereas, pursuant to Minnesota Statutes, Section 469.090 to 469.108 (the "EDA Act"),
the City Council of the City of St. Louis Park created the St. Louis Park Economic Development
Authority (the "Authority"); and
Whereas, pursuant to the EDA Act, the City Council granted to the Authority all of the
powers and duties of a housing and redevelopment authority under provisions of Minnesota
Statutes, sections 469.001 to 469.047 (the "HRA Act"); and
Whereas, Section 469.033, subdivision 6 of the Act authorizes the Authority to levy a
tax upon all taxable property within the City to be expended for the purposes authorized by the
HRA Act; and
Whereas, such levy may be in an amount not to exceed 0.0185 percent of taxable
market value of the City; and
Whereas, for 2019, the Final HRA Levy amount will be $1,234,601; and
Whereas, the Authority has filed its budget for the special benefit levy in accordance
with the budget procedures of the City; and
Whereas, based upon such budgets the Authority will levy all or such portion of the
authorized levy as it deems necessary and proper;
Now therefore, be it resolved by the St. Louis Park City Council: That approval is hereby
give r the Authority to levy, for taxes payable in 2019, such tax upon the taxable property of
the Pity s the Authority may determine, subject to the limitations contained in the HRA Act.
for administration: p4opted by the City Council Dec. 17, 2018
Thom' a�K./H(�rmCffy Manager
Attest:
ANA I I�A- a�>�
Melis Kenn dy, C ty erl<